2009-07-08 5:24 pm
No Comments
So I sold VXX yesterday (yes I missed the top at 77, but oh well.) I wanted to buy more XBI at 47's, but was not confident that it would find a bottom at 47.02 (S2), so I did not accumulate.
I hear 920 is a realistic target for a short-term recovery. The ever-crucial 875-877 level held with a hammer and a late-day rally. We'll see.
